EURGBP - Weak Again!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈EURGBP has been bearish trading within the falling wedge pattern in blue.

Currently, EURGBP is approaching the upper bound of the wedge.

Moreover, the orange zone is a strong structure.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline.

📚 As per my trading style:
As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

Trading Made Simple; and Rule-Based
RichTL.com

Instagram
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Get Funded up to $200,000 (Crypto)
cutt.ly/PropW

Also on:

TheSignalyst

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.